Final answer:
Businesses with an investment up to 1 crore and turnover up to 5 crore are known as small enterprises, as per typical classifications by governing bodies like India's MSME. Option B is correct.
Step-by-step explanation:
A businesses with an investment up to 1 crore (10 million) and turnover up to 5 crore (50 million) are known as a small enterprise. These classifications are based on the guidelines set by the respective country's governing bodies that define the scale of enterprises based on investment and turnover.
According to the Indian MSME (Micro, Small and Medium Enterprises) classification, for instance, a micro enterprise is an entity with an investment of up to 25 lakh (2.5 million) and a turnover of up to 75 lakh (7.5 million), a small enterprise has an investment of up to 5 crore (50 million) and turnover up to 25 crore (250 million), while a medium enterprise has an investment of up to 10 crore (100 million) and turnover up to 50 crore (500 million).
The information given about small firms in a business magazine relates to publicly traded companies and discusses criteria such as stock price and annual revenue which are related but different aspects used for classifying businesses.